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NXT2: Good Bet for First Time Investors

NXT2 will be the second tower of the NXT development by Cresford. The glass and steel complex designed by architectsAlliance and furnished by FENDI will be like living in a resort with on site amenities including indoor and outdoor pools, tennis court, and day care facilities.

This Thursday November 18th there will be a one-night-only sales event for the new release of 13 additional storeys. The second tower was to be 22 storeys, and until now that is all that have been released for sale, but Cresford very recently got approval for an additional 13 storeys, bringing the height to 35 storeys.

Cresford is offering purchasers 2 great incentives for those who buy on this one night only:

1. Live Free for a Year (Cresford will give buyers a cheque at closing for the approximate equivalent of 1 years’ mortgage payments, maintenance fees, and property taxes) Works out to roughly 5-6% cash back for most suites!
2. Special deposit structure with only 10% over 90 days, 5% at 375 days, 5% at occupancy

I’ve been writing a lot lately about making that first move into the real estate investment game. For many it is a scary proposition fraught with risk. For others who want to do it they think they cannot because they just don’t have enough cash to put down for the deposits. This opportunity is for you. There will be several dozen junior 1 bedroom suites available for purchase at this event with prices in the $199-$250K range. These suites are perfect for first-time investors for 2 reasons:

1. Low up front financial commitment.
2. Good potential for positive cash flows

Prices for most suites will be in the mid to high $400s Per Square Foot before the cash-back discount is applied. Other nearby pre-construction condos are selling in the low $500s PSF. This is not a widely advertised sales event, however, a similar event was held recently for the remaining suites at NXT phase 1 tower (now occupying) and they sold 70+ suites in one night. There very likely will be a long lineup for this week’s event.

If you are an end-user buyer and not buying strictly for investment, this event is your best chance to buy as 13 floors of suites are being released (about 230 units) which means many previously ‘sold out’ floor plans will now be available on the highest floors.

For floor plans, pricing and further analysis on this project, please contact me.

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NXT 2: Last Chance for VIP Pricing

November 2010 Update: Special One-Night-Only VIP sales event for NXT2 happening November 18th. See this post for details or contact me.

Last week was the NXT VIP sales event. No question the event was a huge success for Cresford (the developer). They sold probably close to 30% of the building in one night-imagine that! Contact me now if you would like more information on NXT2.

The building represents a phenomenal investment opportunity in what will be a gorgeous condominium complex. NXT and NXT2 will be two beautiful towers of glass and steel connected together a the base with a 2-storey podium filled with first-class amenities that will make living in NXT like living on a resort. Steps to High Park and the lake, minutes away from downtown and the airport make NXT a fantastic location with loads of potential.

1 bedroom units at Windemere by the Lake (the first phase of this development by Cresford) are currently selling in the $250K range (with parking). 1 bedrooms at NXT2 are starting at just $159K. Suffice to say that this is a potentially excellent investment opportunity.

Please contact me asap for floor plans and more detailed pricing as the VIP sales period is almost up and prices are set to rise very soon.

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NXT 2 at Windemere By The Lake VIP Sales Event

November 2010 Update: Special One-Night-Only VIP sales event for NXT2 happening November 18th. See this post for details or contact me.

NXT 2 at Windemere By The Lake by Cresford Developments. VIP sales event coming very soon! 1 bedrooms from $160,000. Contact me now for your chance to purchase before the public launch.

NXT 2 is actually the third phase of this development on this site with Windemere By The Lake and NXT being the first 2 phases. Windemere By The Lake is already complete and units are now in resale. NXT was launched in 2007 and is now under construction. The site is located atWindemere and Lakeshore Blvd.

Prices for this project are looking fantastic. 1 bedrooms are starting at around $160,000. Resale 1 bedrooms at Windemere by The Lake are selling for well over $200,000 right now. This makes NXT 2 a very attractive investment opportunity.

Contact me now for floor plans and pricing for the NXT 2 VIP Sales Event!

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